It is planned to turn the factory into a world-class foodstuff base by developing a variety of functional health and green foods and increasing their output so as to satisfy the demands in local markets and find its way into the world markets.

Total area: 10 156 m²

Floor space: 23 552 m²

Management: Equity or contractual joint venture

Estimated cost: US$ 3.6 million (US$ 1.8 million by the other side for equipment and technology)

Profitability: US$ 4.5 million/year

Payback period: 5.54 years

2. Rajin Disabled Soldiers’ Daily-necessities Factory

With the rapid development of the Rason Economic and Trade Zone, the demand for various soaps, detergents and nails is on the steady increase with each passing year.

The production lines of the factory will be renovated so as to render services to promoting the development of the Zone and improving the people’s living by turning out various soaps and nails.

It will produce a variety of health drinks based on excellent traditional beverages of Korea. They will be marketed in the Zone for local inhabitants, foreigners and tourists and find their way abroad.

Along with the rapidly-developing economy, the people demand various kinds of fresh vegetables in and out of season.

The vegetables will be on sale at markets, commercial networks, restaurants and hotels in the Zone to the inhabitants, foreigners and tourists, and some of them will be exported to the Far Eastern region of Russia.

As the demand for a wide selection of garment products is growing, their kinds and varieties are on the increase. Specialized study, designing and production are drawing special attention. With investment in the production of garment products going up specialized garment producers equipped with up-to-date and information-based processing facilities are appearing in great number.

This project aims at face-lifting the service facilities and the interior and exterior surface of the Namsan Hotel with a long history in a modern fashion so that it can take part in the architectural arrangement of the central part of the city and tourists and local residents can enjoy a varied and civilized emotional life by adding multi-purpose service and amusement facilities.

The renovation project is to be conducted in two stages: The first stage is to add two stories by reinforcing the existing building, and the second stage is to linking the building with a 15-storey building.

The inner garden of the hotel will be roofed with glass to use natural lighting. In the garden a pond and a cascade decorated with flowering trees and cobbles are expected to be built so as to create a good environment and satisfy people’s demand for emotional life.

1st stage:

Floor space of the existing building: 2 985m²

Extension space: 3 385m²

Inner garden space: 890m², height: 5.1m

Estimated cost: US$ 3.3 million

2nd stage:

Total floor space: 15 500m²

Project to be invested: Namsan Hotel

8. Renovation of Plaza of Namsan Hotel

The plaza of the Namasan Hotel is to be renovated as an international pedestrian plaza of modern style as befits an international cultural plaza.

The plaza will consist of a supermarket, pedestrian area, parking lot, small fountain, ornamental structure, chandelier, teahouse, large circular stairs and others as befits an international pedestrian plaza.